Cardoza calls for more federal action to halt foreclosures

CBVT, WASHINGTON, D.C.
January 20, 2011 9:00pm

excerpts:

Dubbed the “Housing Opportunity and Mortgage Equity (HOME) Act,” H.R. 363 would allow as many as 30 million homeowners with mortgages backed by Fannie Mae or Freddie Mac to benefit from the current historically low market interest rates and refinance for up to 40 years at a fixed rate, Mr. Cardoza says.

[…]

“The HOME Act would provide a light at the end of the tunnel for the millions of homeowners struggling to make their monthly house payment,” says Mr. Cardoza.